Tesla: Sales, Marketing, and Financial News
#3281
Race Director
Tesla's latest delivery numbers are in, and they're a mixed bag.
The company produced 365,923 vehicles and delivered 343,830 in the third quarter of this year, it announced Sunday.
The deliveries set a new record for the company and are up from 310,048 in the first quarter; 254,695 in the second quarter; and 241,300 in Q3 of last year. Still, deliveries fell short of the consensus of analysts' estimates, which was closer to 360,000.
The company cited logistical challenges as a reason for the discrepancy, noting there was an increase in cars in transit at the end of the quarter that will be delivered after arriving at their destination.
"Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars," Tesla said in a press release. "As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks."
According to the company, Tesla's production numbers are up from 305,407 in the first quarter; 258,580 in the second quarter; and 237,823 in Q3 of last year.
Of the vehicles produced in Tesla's most recent quarter, 19,935 were Model S and Model X, and 345,988 were the cheaper Model 3 and Model Y. As for deliveries, 18,672 were Model S and X and 325,158 were Model 3 and Y.
In the past two quarters, Tesla cited supply chain issues made worse by Russia's invasion of Ukraine, as well as a shutdown of its Shanghai factory amid a surge in COVID-19 cases in the city, as factors hampering production and delivery.
The company produced 365,923 vehicles and delivered 343,830 in the third quarter of this year, it announced Sunday.
The deliveries set a new record for the company and are up from 310,048 in the first quarter; 254,695 in the second quarter; and 241,300 in Q3 of last year. Still, deliveries fell short of the consensus of analysts' estimates, which was closer to 360,000.
The company cited logistical challenges as a reason for the discrepancy, noting there was an increase in cars in transit at the end of the quarter that will be delivered after arriving at their destination.
"Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars," Tesla said in a press release. "As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks."
According to the company, Tesla's production numbers are up from 305,407 in the first quarter; 258,580 in the second quarter; and 237,823 in Q3 of last year.
Of the vehicles produced in Tesla's most recent quarter, 19,935 were Model S and Model X, and 345,988 were the cheaper Model 3 and Model Y. As for deliveries, 18,672 were Model S and X and 325,158 were Model 3 and Y.
In the past two quarters, Tesla cited supply chain issues made worse by Russia's invasion of Ukraine, as well as a shutdown of its Shanghai factory amid a surge in COVID-19 cases in the city, as factors hampering production and delivery.
#3282
Race Director
Tesla recently started selling a CCS adapter on its online shop, and people discovered that the $250 price is actually a good investment. Given the recent Supercharger fee spikes, charging your Tesla at third-party stations can be much cheaper.
6 photos
When Tesla announced the $250 adapter that would allow its vehicles to charge at non-Tesla charging stations, most people started mocking the unwieldy contraption. Placed next to the regular Tesla charge plug used in the U.S., the CCS Combo 1 adapter looks ridiculously large and difficult to operate. Many started advocating for making the Tesla plug universal instead of the CCS plug. Sorry, folks, that’s not gonna happen.
Less than a month later, people who did order the adapter and used it already started to see the benefits. Despite its limitations (it “only” allows charging at a maximum of 250 kW) and peculiar shape, it vastly extends charging opportunities across various fast-charging networks in the U.S. And considering the recent price spikes during the day at Supercharger stations, the adaptor actually proves a good investment.
Tesla fan The Kilowatts shows in a video that the maximum fee for using the fast chargers of Electrify America network is $0.43 per kWh for non-members. At the same time, paying a $4 monthly subscription drops the tariff to $0.31 per kWh. These prices stay the same no matter what time of the day you charge, which can be a good or bad thing, depending on your habits. Either way, this is more affordable than the $0.50-$0.60 per kWh Tesla charges during the day at its Supercharger stations.
There are other perks when charging at Electrify America, as The Kilowatts reveals. Because their chargers are sometimes non-functional, they feel generous and offer complimentary charging sessions quite often. Basically, if you own one of those CCS adapters, you could charge your Tesla for free at Electrify America stations.
Nevertheless, the third-party networks would probably notice this sooner or later and adjust the prices accordingly. Another problem might be the backlash from the owners of non-Tesla electric vehicles. We’ve seen quarrels around charging stations in the past, and they would only get more acute if the non-Tesla chargers get assaulted by Tesla owners. What do you think about Tesla owners charging at non-Tesla charging stations?
6 photos
When Tesla announced the $250 adapter that would allow its vehicles to charge at non-Tesla charging stations, most people started mocking the unwieldy contraption. Placed next to the regular Tesla charge plug used in the U.S., the CCS Combo 1 adapter looks ridiculously large and difficult to operate. Many started advocating for making the Tesla plug universal instead of the CCS plug. Sorry, folks, that’s not gonna happen.
Less than a month later, people who did order the adapter and used it already started to see the benefits. Despite its limitations (it “only” allows charging at a maximum of 250 kW) and peculiar shape, it vastly extends charging opportunities across various fast-charging networks in the U.S. And considering the recent price spikes during the day at Supercharger stations, the adaptor actually proves a good investment.
Tesla fan The Kilowatts shows in a video that the maximum fee for using the fast chargers of Electrify America network is $0.43 per kWh for non-members. At the same time, paying a $4 monthly subscription drops the tariff to $0.31 per kWh. These prices stay the same no matter what time of the day you charge, which can be a good or bad thing, depending on your habits. Either way, this is more affordable than the $0.50-$0.60 per kWh Tesla charges during the day at its Supercharger stations.
There are other perks when charging at Electrify America, as The Kilowatts reveals. Because their chargers are sometimes non-functional, they feel generous and offer complimentary charging sessions quite often. Basically, if you own one of those CCS adapters, you could charge your Tesla for free at Electrify America stations.
Nevertheless, the third-party networks would probably notice this sooner or later and adjust the prices accordingly. Another problem might be the backlash from the owners of non-Tesla electric vehicles. We’ve seen quarrels around charging stations in the past, and they would only get more acute if the non-Tesla chargers get assaulted by Tesla owners. What do you think about Tesla owners charging at non-Tesla charging stations?
The following 2 users liked this post by biker:
civicdrivr (10-10-2022),
Comfy (10-15-2022)
#3283
https://driveteslacanada.ca/news/tes...egment/Showing just how much of a lead Tesla has when it comes to EVs, if you add up all other automakers in the top 10, their cumulative sales are still nearly 50,000 units behind the Model Y just by itself.
Tesla is also still dominating the luxury segment, which includes internal combustion engine (ICE) vehicles. Tesla’s 298,383 registrations is nearly 90,000 units ahead of second place BMW which has 211,118 registrations in the same time period.
****************
So the luxury automaker crown in US has all been decided it seems. The ASP of Tesla is apparently similar to that of BMW in USA.
Tesla is also still dominating the luxury segment, which includes internal combustion engine (ICE) vehicles. Tesla’s 298,383 registrations is nearly 90,000 units ahead of second place BMW which has 211,118 registrations in the same time period.
****************
So the luxury automaker crown in US has all been decided it seems. The ASP of Tesla is apparently similar to that of BMW in USA.
#3284
Ex-OEM King
Tesla is not a luxury car, especially not the 3/Y.
#3285
A-TSX Oldie
Try looking at the Global EV sales numbers and not just the US market. Every other manufacturer is concentrating their EV production in China and Europe where they get more incentives to sell their EVs there. The North American market is way down low on their priority list.
Tesla's market share is shrinking everywhere. VWAG group handily outsells Tesla in Europe by itself. BYD is eating Tesla's lunch in China. And all this while Tesla is dumping its Shanghai-built cars all over the place. You can order and get a Tesla (3 and Y) within a month in North America, vs months/years for any other EV maker. Small wonder Tesla stans are only willing to show North American numbers.
Tesla's market share is shrinking everywhere. VWAG group handily outsells Tesla in Europe by itself. BYD is eating Tesla's lunch in China. And all this while Tesla is dumping its Shanghai-built cars all over the place. You can order and get a Tesla (3 and Y) within a month in North America, vs months/years for any other EV maker. Small wonder Tesla stans are only willing to show North American numbers.
#3286
Try looking at the Global EV sales numbers and not just the US market. Every other manufacturer is concentrating their EV production in China and Europe where they get more incentives to sell their EVs there. The North American market is way down low on their priority list.
Tesla's market share is shrinking everywhere. VWAG group handily outsells Tesla in Europe by itself. BYD is eating Tesla's lunch in China. And all this while Tesla is dumping its Shanghai-built cars all over the place. You can order and get a Tesla (3 and Y) within a month in North America, vs months/years for any other EV maker. Small wonder Tesla stans are only willing to show North American numbers.
Tesla's market share is shrinking everywhere. VWAG group handily outsells Tesla in Europe by itself. BYD is eating Tesla's lunch in China. And all this while Tesla is dumping its Shanghai-built cars all over the place. You can order and get a Tesla (3 and Y) within a month in North America, vs months/years for any other EV maker. Small wonder Tesla stans are only willing to show North American numbers.
Where is Nio sales numbers in that market compared to Tesla which has similar prices?? .
#3287
A-TSX Oldie
LOL. Are you forgetting that they are not even in the similar price range….. golf carts can sell in multiples without much profit margins. The fact is Tesla is competitive in sales numbers even with cars costing a fraction of Tesla cars.
Where is Nio sales numbers in that market compared to Tesla which has similar prices?? .
Where is Nio sales numbers in that market compared to Tesla which has similar prices?? .
#3288
Team Owner
He has no idea what luxury car is.
#3289
Ex-OEM King
I'm guessing he's never even been in a Tesla lol.
#3290
Whats up with RDX owners?
iTrader: (9)
In his defense, he probably thinks his RDX is luxury.
The following users liked this post:
Comfy (10-15-2022)
#3291
You can debate all day whether to call a Tesla luxury or not, it doesn’t matter. All you need to know is who’s market share Tesla is taking.
After annihilating it’s luxury competition, Model 3 as predicted is successfully taking on the mainstream ICE rivals in China.
Sorry to break it to you guys.
After annihilating it’s luxury competition, Model 3 as predicted is successfully taking on the mainstream ICE rivals in China.
Sorry to break it to you guys.
#3292
You are confusing the SAIC Wuling mini car with BYD, which has tons more luxurious and techy cars compared to the Model Y and 3, and are outselling Tesla while being cheaper. You do know even Tesla has to buy (or going to) batteries from BYD now, right? Nio is a relatively small player. You are the one comparing Tesla to BMW, who are typically in a higher price bracket and has true LUXURY. Not missing ultrasonic sensors, radar, lumbar support, or whatever Lord Elon decides you don't need because it will prevent them from pushing out the car to you to keep shareholders happy.
#3293
A-TSX Oldie
You can debate all day whether to call a Tesla luxury or not, it doesn’t matter. All you need to know is who’s market share Tesla is taking.
After annihilating it’s luxury competition, Model 3 as predicted is successfully taking on the mainstream ICE rivals in China.
Sorry to break it to you guys.
https://twitter.com/jpr007/status/15...KmdlFZZJ8CA3dw
After annihilating it’s luxury competition, Model 3 as predicted is successfully taking on the mainstream ICE rivals in China.
Sorry to break it to you guys.
https://twitter.com/jpr007/status/15...KmdlFZZJ8CA3dw
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Comfy (10-16-2022)
#3294
Team Owner
I know people who bought Tesla cuz of the acceleration, save $$ on gas, charging stations and all kind of reasons. But I have yet heard someone said i switched to a Model 3 or Y because it is so luxurious
#3295
Whats up with RDX owners?
iTrader: (9)
My VW Golf was more luxurious than my Tesla.
It is not a luxury car.
It is not a luxury car.
#3296
Ex-OEM King
^ This.
Rivian and Lucid are luxury EV cars/trucks. Tesla is not. Not even the Model S/X. Not even close. The MB EQS and EQE are also luxury cars.
The materials, fit, finish, and overall build quality in a Benz, Rivian, or Lucid (finally got to see one in person at a car show last week) is orders of magnitude better than Tesla.
Rivian and Lucid are luxury EV cars/trucks. Tesla is not. Not even the Model S/X. Not even close. The MB EQS and EQE are also luxury cars.
The materials, fit, finish, and overall build quality in a Benz, Rivian, or Lucid (finally got to see one in person at a car show last week) is orders of magnitude better than Tesla.
#3297
Sanest Florida Man
#NoDemand #TheCompetitionisComing
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Comfy (10-17-2022)
#3298
That has absolutely nothing to do with Tesla is being a luxury car.
I know people who bought Tesla cuz of the acceleration, save $$ on gas, charging stations and all kind of reasons. But I have yet heard someone said i switched to a Model 3 or Y because it is so luxurious
I know people who bought Tesla cuz of the acceleration, save $$ on gas, charging stations and all kind of reasons. But I have yet heard someone said i switched to a Model 3 or Y because it is so luxurious
Okay. So come to think of it. A mainstream (non luxury) car, but able to sell at luxury car prices and in numbers that beat the mainstream ICE cars. What more do you want? Ha ha ha.
#3299
Team Owner
All EVs are expensive and that doesnt make all of them luxury cars. and mainstream ICE cars still outsell Tesla by X times...
Model Y US Sales Numbers in 2022 - 56,937
Honda CRV US Sales number in 2022 ~180,000 (last year model before new Gen is out)
So none of what u said is true.
Last edited by oonowindoo; 10-17-2022 at 06:32 PM.
#3300
#3301
Team Owner
so you are admitting that you are just full of shit and saying shit that hasn't happened like it is some kind of fact?
As long as you are driving the RDX, there will not be any end to the ICE Age.
As long as you are driving the RDX, there will not be any end to the ICE Age.
#3302
Ex-OEM King
#3303
You know how a ship sinks......... very very gradually..... very gradually..... gradually... and then quickly.
#3304
Ex-OEM King
But there's a big difference between sinking and sunk. You claimed sunk which is, again, a flat out lie.
#3305
Race Director
During the Q3 2022 earnings call, Tesla's CEO Elon Musk revealed several interesting things about the upcoming launch of the Tesla Semi Class 8 electric truck.
The vehicle already entered "early production" in Reno, Nevada, most likely at one of the facilities near the Tesla Gigafactory battery plant. The first units will be delivered on December 1 to Pepsi.
Elon Musk said that, as in the case of previous vehicles, about a year will be needed to ramp up production. However, it does not mean that production will be slow.
According to Musk, some 50,000 units will be produced annually in 2024, at least that's the target for 2024 in North America.
The company would like to offer a Tesla Semi also in other markets. We guess that it would be a modified/different version to comply with local requirements. Most likely, it would be locally produced so we are talking about a potential new EV truck factory in Europe or Asia.
The initially produced Tesla Semi will have a range of 500 miles (800 km) with cargo. That's would be a lot of range for a vehicle that has a Gross Combination Weight of 82,000 lbs (37,195 kg) when fully loaded. Later, there will be also a version with a smaller battery pack and a range of 300 miles (483 km)
Tesla does not reveal the battery capacity of the truck, but considering the energy consumption target of less than 2 kWh/mile (1.24 kWh/km), the battery pack might be below 1,000 kWh (1 MWh)..It means that at 50,000 units per year, the company requires 50 GWh of batteries only for the Tesla Semi. Well, maybe less if the energy consumption is lower, but how low can it be?
One way or another, the Tesla Semi at full scale basically would consume the entire production volume of batteries at the Gigafactory in Nevada, which is at 39 GWh (according to previous reports) and might get a 10% boost (to about 43 GWh) by 2024.
At least the initial builds do not involve the 4680-type cylindrical battery cells, according to Elon Musk (noted by Teslarati), so those must be 2170-type (probably from Gigafactory Nevada).
One more thing is worth pointing out. At 50,000 units per year, Tesla would become the second largest manufacturer of Class 8 trucks in the US, after Freightliner (Daimler Trucks NA), which produced about 100,000 in 2019 and over 71,000 in 2020 (lockdowns, supply constraints), according to Statista's data. Kenworth is smaller with roughly 42,000 units in 2019 and 30,000 in 2020.
The vehicle already entered "early production" in Reno, Nevada, most likely at one of the facilities near the Tesla Gigafactory battery plant. The first units will be delivered on December 1 to Pepsi.
Elon Musk said that, as in the case of previous vehicles, about a year will be needed to ramp up production. However, it does not mean that production will be slow.
According to Musk, some 50,000 units will be produced annually in 2024, at least that's the target for 2024 in North America.
The company would like to offer a Tesla Semi also in other markets. We guess that it would be a modified/different version to comply with local requirements. Most likely, it would be locally produced so we are talking about a potential new EV truck factory in Europe or Asia.
The initially produced Tesla Semi will have a range of 500 miles (800 km) with cargo. That's would be a lot of range for a vehicle that has a Gross Combination Weight of 82,000 lbs (37,195 kg) when fully loaded. Later, there will be also a version with a smaller battery pack and a range of 300 miles (483 km)
Tesla does not reveal the battery capacity of the truck, but considering the energy consumption target of less than 2 kWh/mile (1.24 kWh/km), the battery pack might be below 1,000 kWh (1 MWh)..It means that at 50,000 units per year, the company requires 50 GWh of batteries only for the Tesla Semi. Well, maybe less if the energy consumption is lower, but how low can it be?
One way or another, the Tesla Semi at full scale basically would consume the entire production volume of batteries at the Gigafactory in Nevada, which is at 39 GWh (according to previous reports) and might get a 10% boost (to about 43 GWh) by 2024.
At least the initial builds do not involve the 4680-type cylindrical battery cells, according to Elon Musk (noted by Teslarati), so those must be 2170-type (probably from Gigafactory Nevada).
One more thing is worth pointing out. At 50,000 units per year, Tesla would become the second largest manufacturer of Class 8 trucks in the US, after Freightliner (Daimler Trucks NA), which produced about 100,000 in 2019 and over 71,000 in 2020 (lockdowns, supply constraints), according to Statista's data. Kenworth is smaller with roughly 42,000 units in 2019 and 30,000 in 2020.
The following users liked this post:
Comfy (10-21-2022)
#3306
You smoking crack?
All EVs are expensive and that doesnt make all of them luxury cars. and mainstream ICE cars still outsell Tesla by X times...
Model Y US Sales Numbers in 2022 - 56,937
Honda CRV US Sales number in 2022 ~180,000 (last year model before new Gen is out)
So none of what u said is true.
All EVs are expensive and that doesnt make all of them luxury cars. and mainstream ICE cars still outsell Tesla by X times...
Model Y US Sales Numbers in 2022 - 56,937
Honda CRV US Sales number in 2022 ~180,000 (last year model before new Gen is out)
So none of what u said is true.
************
your post isn’t gonna age well. LOL.
***************BloombergNEF projects that Tesla will deliver some 760,000 Model Y electric crossovers by the end of 2022. Depending on Ford's global F-150 sales (Ford primarily sells the F-150 in North America, whereas Tesla sells the Model Y in many global markets), the Tesla crossover has the potential to outsell it worldwide this year. Check out Bloomberg's chart below, which was shared by Sawyer Merritt.
Even if Tesla doesn't actually sell 760,000 Model Y in 2022, and even if Ford sells more F-150 pickup trucks than anticipated, this is a major feat for what has become the most successful startup automaker the US has ever seen. The fact that Tesla only produces electric vehicles takes it to the next level. Bloomberg writes:
"Still, it’s hard to overstate how big a deal it is for an EV model to be this high in the global sales rankings. It increasingly feels like a question of when one rises to the top, not if this will happen.
Things don’t look very far fetched now….. do they….
Last edited by Comfy; 10-22-2022 at 12:09 AM.
#3307
Race Director
With the semiconductor crisis, inflation, and the rising cost of raw materials, any automaker reducing prices is either a miracle or a necessity. Tesla just cut the price tags for the Model 3 and Model Y made and sold in China by up to RMB37,000 ($5,094 at the current exchange rate).The largest price reduction was for the Model Y Long Range. From RMB394,900 ($54,372), it now costs RMB357,900 ($49,277). Tesla states people will have to wait four to eight weeks to receive their cars. Anyway, the most strategic one also happens to be the second-largest price drop (thanks to the Chinese government’s help).
Tesla used to charge RMB316,900 ($43,632) for the Model Y Standard Range, which the EV maker only names Model Y in China. It reduced the price to RMB299,988 ($41,304), which is just enough for it to be eligible for government subsidies of RMB11,088 ($1,527). As the guys from CNEVPost warn, only vehicles below RMB300,000 make the cut. That helped the value drop to RMB288,900 ($39,777), which is the price Tesla announces on its website. Deliveries take one to four weeks to happen.
Without the Chinese government’s help, the price reduction would have been only RMB16,912 ($2,329), ending in fourth place in the discount ranking. The Model Y Performance and Model 3 Performance had more significant decreases. The electric crossover’s cost was RMB417,900 ($57,539) and dropped to RMB397,900 ($54,785), or a RMB20,000 ($2,754) decrease. The sedan’s price came down to RMB349,900 ($48,176) from RMB367,900 ($50,654), an abatement of RMB18,000 ($2,478).
The lowest cutback was for the Model 3 Standard Range, called simply Model 3 in China. Its price used to be RMB279,900 ($38,538). Tesla lowered it to RMB276,988 ($38,137), and the government’s subsidy did the rest, making its price drop to RMB265,900 ($36,610). However, there’s a catch, as you must have certainly noticed.
At RMB279,900, the Model 3 was already eligible for the Chinese government EV subsidy, so this was not its real price: it was the value with CCP’s aid that Tesla prefers to present. Without it, the car’s true price tag was RMB290,988 ($40,065). The discount was RMB14,000 ($1,928).
There are two main narratives Tesla investors have to feed for share prices to keep expanding: that the company has the highest profit margins in the industry and that it has unlimited demand. The price reduction in China made it cut those profit margins in a market with escalating costs when unlimited demand would help it increase prices even further.
Further proof of that is that Tesla had an insurance incentive that did not help it sell more cars as much as it thought. When it lowered the prices, it warned that the insurance incentive would no longer be available. On the other hand, CNEVPost said that Tesla is now offering the silver paint for free in its entry-level Model Y, something customers could only get if they chose a black crossover. The offer does not apply to other derivatives and other models.
Suppose the price reduction had anything to do with lower costs. In this case, the discounts would follow a certain coherence related to the battery pack type or something. They don’t. It is evidently a movement to increase demand in the Chinese market, the world’s largest one. In Tesla’s Q3 2022 earnings call, Elon Musk had to deal with the company missing its revenue targets. Despite the issue, the CEO stuck with the goal of reaching a 50% annualized growth rate in 2022. To get there, the company desperately needs to sell more cars in Q4 2022.
On top of that, people who bought a Model 3 and a Model Y in China are furious at the company. They made protests in China and promised to form a rights protection group to get the same discounts. This is not the first time such protests have emerged: there are pictures from 2019 and 2021 with customers protesting price reductions they did not receive at Tesla showrooms, which Tycho de Feijter, from CarNewsChina, shared in the tweet below. Selling more cars and keeping its growth promises may cost Tesla a lot of money.
Tesla used to charge RMB316,900 ($43,632) for the Model Y Standard Range, which the EV maker only names Model Y in China. It reduced the price to RMB299,988 ($41,304), which is just enough for it to be eligible for government subsidies of RMB11,088 ($1,527). As the guys from CNEVPost warn, only vehicles below RMB300,000 make the cut. That helped the value drop to RMB288,900 ($39,777), which is the price Tesla announces on its website. Deliveries take one to four weeks to happen.
Without the Chinese government’s help, the price reduction would have been only RMB16,912 ($2,329), ending in fourth place in the discount ranking. The Model Y Performance and Model 3 Performance had more significant decreases. The electric crossover’s cost was RMB417,900 ($57,539) and dropped to RMB397,900 ($54,785), or a RMB20,000 ($2,754) decrease. The sedan’s price came down to RMB349,900 ($48,176) from RMB367,900 ($50,654), an abatement of RMB18,000 ($2,478).
The lowest cutback was for the Model 3 Standard Range, called simply Model 3 in China. Its price used to be RMB279,900 ($38,538). Tesla lowered it to RMB276,988 ($38,137), and the government’s subsidy did the rest, making its price drop to RMB265,900 ($36,610). However, there’s a catch, as you must have certainly noticed.
At RMB279,900, the Model 3 was already eligible for the Chinese government EV subsidy, so this was not its real price: it was the value with CCP’s aid that Tesla prefers to present. Without it, the car’s true price tag was RMB290,988 ($40,065). The discount was RMB14,000 ($1,928).
There are two main narratives Tesla investors have to feed for share prices to keep expanding: that the company has the highest profit margins in the industry and that it has unlimited demand. The price reduction in China made it cut those profit margins in a market with escalating costs when unlimited demand would help it increase prices even further.
Further proof of that is that Tesla had an insurance incentive that did not help it sell more cars as much as it thought. When it lowered the prices, it warned that the insurance incentive would no longer be available. On the other hand, CNEVPost said that Tesla is now offering the silver paint for free in its entry-level Model Y, something customers could only get if they chose a black crossover. The offer does not apply to other derivatives and other models.
Suppose the price reduction had anything to do with lower costs. In this case, the discounts would follow a certain coherence related to the battery pack type or something. They don’t. It is evidently a movement to increase demand in the Chinese market, the world’s largest one. In Tesla’s Q3 2022 earnings call, Elon Musk had to deal with the company missing its revenue targets. Despite the issue, the CEO stuck with the goal of reaching a 50% annualized growth rate in 2022. To get there, the company desperately needs to sell more cars in Q4 2022.
On top of that, people who bought a Model 3 and a Model Y in China are furious at the company. They made protests in China and promised to form a rights protection group to get the same discounts. This is not the first time such protests have emerged: there are pictures from 2019 and 2021 with customers protesting price reductions they did not receive at Tesla showrooms, which Tycho de Feijter, from CarNewsChina, shared in the tweet below. Selling more cars and keeping its growth promises may cost Tesla a lot of money.
#3308
Whats up with RDX owners?
iTrader: (9)
Improve demand? I thought these things practically sold themselves!!
#3309
A-TSX Oldie
8 Model 3 and 17 Model Y available for immediate delivery in the Vancouver area. I can see a price cut coming. 100k CAD Model Y is just way overpriced, especially with the R word and high interest rates.
#3310
Whats up with RDX owners?
iTrader: (9)
Used values are tumbling too. Even though that's representative of the entire used market, it shows that the demand for Tesla's isn't as strong as some cozy people think.
#3311
Ex-OEM King
^ Yup. I'm seeing the value of my car crater...KBB is down to $62k, was up near $67k at one point. Makes me think I should have sold it over the summer and gotten a cheaper Cayenne to tinker around with like all the cool people...
The following users liked this post:
00TL-P3.2 (10-24-2022)
#3312
Team Owner
https://insideevs.com/news/617777/te...five-globally/
************
your post isn’t gonna age well. LOL.
***************BloombergNEF projects that Tesla will deliver some 760,000 Model Y electric crossovers by the end of 2022. Depending on Ford's global F-150 sales (Ford primarily sells the F-150 in North America, whereas Tesla sells the Model Y in many global markets), the Tesla crossover has the potential to outsell it worldwide this year. Check out Bloomberg's chart below, which was shared by Sawyer Merritt.
Even if Tesla doesn't actually sell 760,000 Model Y in 2022, and even if Ford sells more F-150 pickup trucks than anticipated, this is a major feat for what has become the most successful startup automaker the US has ever seen. The fact that Tesla only produces electric vehicles takes it to the next level. Bloomberg writes:
"Still, it’s hard to overstate how big a deal it is for an EV model to be this high in the global sales rankings. It increasingly feels like a question of when one rises to the top, not if this will happen.
Things don’t look very far fetched now….. do they….
************
your post isn’t gonna age well. LOL.
***************BloombergNEF projects that Tesla will deliver some 760,000 Model Y electric crossovers by the end of 2022. Depending on Ford's global F-150 sales (Ford primarily sells the F-150 in North America, whereas Tesla sells the Model Y in many global markets), the Tesla crossover has the potential to outsell it worldwide this year. Check out Bloomberg's chart below, which was shared by Sawyer Merritt.
Even if Tesla doesn't actually sell 760,000 Model Y in 2022, and even if Ford sells more F-150 pickup trucks than anticipated, this is a major feat for what has become the most successful startup automaker the US has ever seen. The fact that Tesla only produces electric vehicles takes it to the next level. Bloomberg writes:
"Still, it’s hard to overstate how big a deal it is for an EV model to be this high in the global sales rankings. It increasingly feels like a question of when one rises to the top, not if this will happen.
Things don’t look very far fetched now….. do they….
It does not changed the fact that 56k Model Y has been delivered in the US in 2022, does it?
Until it happens, it means nothing.
#3313
Team Owner
If you get the Turbo S, you will be the coolest ppl i know
#3314
again, has it happened? No... You said Tesla is outselling mainstream ICE cars.... so what you posted has nothing to do with the BS you have been proposing.
It does not changed the fact that 56k Model Y has been delivered in the US in 2022, does it?
Until it happens, it means nothing.
It does not changed the fact that 56k Model Y has been delivered in the US in 2022, does it?
Until it happens, it means nothing.
#3316
Ex-OEM King
The following users liked this post:
oonowindoo (10-25-2022)
#3317
Team Owner
Why dont you compare the sales # between F150 in the US and Model Y?
Last edited by oonowindoo; 10-25-2022 at 02:11 PM.
#3318
#3319
Ex-OEM King
#3320
Whats up with RDX owners?
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